Italy’s economy minister hopes for G20 deal to tax multinationals

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ROME, June 5 (Reuters) – Italy’s economy minister said on Saturday he hoped a G20 finance meeting in July in Italy would find an agreement on global taxation for companies after the Group of Seven reached a landmark deal to pursue higher taxes on global businesses.

“We trust we will find an agreement also at the G20 level in order for these pillars to become a point of reference for global taxation,” Daniele Franco said.

He added the new rules did not target companies in the digital sector alone, but all multinational businesses. (Reporting by Giuseppe Fonte and Giulia Segreti Editing by Mark Potter)

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